Spotify’s stock price has been on a promising upswing, with analysts setting ambitious targets as shares edge near $400. The last time SPOT approached this mark was in early 2021, fueled by high-profile content deals, but concerns over profitability and market pressures pulled it down to the $70s in 2022. Under CEO Daniel Ek’s direction, Spotify shifted focus to profitability, cutting unnecessary expenditures. Analysts are optimistic, with targets ranging up to $490 from firms like Morgan Stanley and Deutsche Bank, driven by projected subscriber growth, podcasting, and ad revenue.
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Mark Zuckerberg Dethroned: Three 22-Year-Old Mercor Founders Become Youngest Self-Made Billionaires
Mercor’s 22-year-old founders have become the world’s youngest self-made billionaires after a $350 million funding round valued the AI recruitment startup at $10 billion, surpassing Mark Zuckerberg’s record. Mercor, a fast-rising recruitment startup powering AI model training for Silicon Valley’s biggest labs, has created the world’s youngest self-made billionaires. Three 22-year-old cofounders, including two Americans of Indian origin, have dethroned Mark Zuckerberg as the world’s youngest sel
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Soho House Acquired for £2 Billion as Ashton Kutcher Joins Board
Private members' club chain Soho House has been snapped up for $2.7bn (£2bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher. The group opened its first club in London in 1995, and now has 46 Soho Houses in Europe, North America and Asia, as well a string of other up-market hospitality businesses. It is widely regarded as being a popular haunt of A-list celebrities, and one of its London venues was reportedly where Prince Harry and Meghan Markle had their first date.
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50 Cent & Reebok Announce Return of Iconic G-Unit G6 Sneaker
The early 2000s are returning to the footwear world as 50 Cent and Reebok prepare to bring back one of the most successful hip-hop sneaker collaborations in history. The Reebok G-Unit G6 is officially scheduled for a retail comeback on Aug. 20, 2026, marking the first time the iconic silhouette has been re-released since its debut more than two decades ago. The retro launch is designed as a direct 1:1 recreation of the original 2003 white, blue and red colorway. Sneaker enthusiasts can expect
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FIFA vows to proceed with World Cup sell-off consultation despite pushbacks
FIFA hits back at critics on Friday, vowing to press ahead with an “open and democratic” consultation with stakeholders on a proposed private investment plan. UEFA said it was ready to boycott the World Cup over the proposal to create a commercial subsidiary to run FIFA’s biggest events and allow private investors to acquire stakes in the company. In a statement, FIFA said all of its member associations should have a chance to consider the plan. “Nobody is selling football,” FIFA said in the
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Beyoncé Knowles-Carter Reportedly Takes Sole Ownership Of SirDavis American Whisky
Iconic entertainer Beyoncé Knowles-Carter just announced that she has taken sole ownership of her popular SirDavis American Whisky brand after launching it with Moët Hennessy, the wines and spirits division of LVMH, in 2024. While the financial structure of the venture remains private, neither Beyoncé nor Moët Hennessy has disclosed ownership terms. The Spirits Business reported Queen Bey’s sole ownership on Tuesday, July 28. SirDavis is inspired by the singer’s family history. The brand takes
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Kai Cenat Confronts Man at Disney World Over Disrespectful Comments Directed at Tyla
Kai Cenat confronted an unruly bystander at Disney World on Monday after the individual allegedly directed inappropriate comments toward South African singer Tyla. The incident occurred during a highly anticipated live-broadcast collaboration between the two stars as they toured the Florida theme park. The confrontation began when a male spectator was heard catcalling Tyla and making suggestive remarks as the pair walked through the park surrounded by security and fans. Cenat, who live-strea
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